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US Dollar Climbs to Fresh One-Year High, Pressures Gold

Annie Gilroy
US Dollar Climbs to Fresh One-Year High, Pressures Gold

Fresh Sell-Off Hits Gold: Is $1,200 the Next Stop? In the previous part, we discussed how gold prices lost ~1% following Fed Chair Jerome Powell’s strong outlook for US economic growth and his conviction in the gradual rate hike path. Gold fell ~0.43% on July 19 and ended the day at $1,218 per ounce.